What is the Form 3801 (Passive Activity Loss Limitations) for? Why do I have to file this

Forum|Forum|4 years ago
February 7, 2022
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MayaD

Form 3801 is filed by individuals, estates, trusts, and S corporations that have losses (including prior year unallowed losses) from passive activities.

Passive activities include trade or business activities in which you don't materially participate. Home rentals, and limited partnership are considered examples of common passive activity.

The form won't be available until 2/10/2022 and can't be e-filed. California Individual Form Availability

2020 Instructions for Form FTB 3801

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savuti94

California state tax form 3801 seems to still not be available. Not until 3/3/2022? Is this accurate?

RobertB4444

That is the date given as of this time.

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Chrisfc11

The final CA 3801 form is available on line. When will Turbo Tax implement it?

MayaD

The form is available if you are going to download to complete on your own. However, e-filing is different.

Once the form is finalized, it has to be coded and tested for calculations and e-filing acceptability.

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Michael510

For availability in TT now shows 2/24/2022

hqueue

One related question to California Form 3801 I've been struggling to figure out:

- Part I - 1b: clearly this is meant to reflect the current tax year (2022) net loss amount

- Part I - 1c: it wasn't clear to me whether this should reflect ONLY the prior net loss amount from the immediate tax year before (2021) or if this should reflect the total carrying balance for all historical passive losses from ALL previous years (like in Federal Schedule E).

If Part I - 1c is meant to reflect the total carrying balance for all historical passive losses from all prior years - does anyone know how to update this in TT? The TT software filled in only the immediate tax year before (2021) figure in Part I - 1c.

Thanks!